BioEnterprise and SOBIN: Collaborating to Commercialize Bioproducts in Southwestern Ontario

March 8, 2007

Chatham, ON- BioEnterprise Corporation, a commercialization agent and technology accelerator has entered into a collaboration agreement with Southwestern Ontario Bioproducts Innovation Network (SOBIN), a not-for-profit organization dedicated to advancing new bioproducts and finding new uses for biobased feedstock in manufacturing primarily in the automotive, chemical and energy industries.

"SOBIN is very excited about the opportunities that this collaborative agreement with BioEnterprise will present," stated Matt McLean, Executive Director of SOBIN. "Having access to BioEnterprise's expertise in business mentorship and investment networking will go a long way in accelerating bioproduct commercialization within our region." added Mr. McLean.

"The development of innovative Bioproducts is a burgeoning area particularly in the commercial, industrial and energy sectors. The Southwestern Ontario Bioproducts Innovation Network covers a wide geographic region with a high concentration in agriculture, chemical, plastic and automotive innovation. SOBIN forms a natural base for the development of new bioproducts. With commercialization of these unique technologies as a core mandate for both SOBIN and BioEnterprise, this collaboration has great potential', says Dave Smardon, President of BioEnterprise.

About SOBIN

SOBIN is a not-for-profit organization working to strengthen the economy of Southwestern Ontario by cultivating new bioproducts, fostering energy conservation, and expanding alternative energy sources. SOBIN was formed in 2004 through the collaborative efforts of Acrolab Ltd., University of Windsor, St. Clair College, Ridgetown Campus - University of Guelph, Lambton College, the Economic Development units of Sarnia-Lambton, Chatham-Kent, and Windsor-Essex with the support of the Ontario Ministry of Research and Innovation.

About BioEnterprise Corporation

BioEnterprise Corporation is a Not-For-Profit company founded in 2003 through the financial support of Agriculture and Agri-Food Canada and the Ontario Ministry of Agriculture, Food and Rural Affairs. BioEnterprise is a commercialization agent and technology accelerator, established to help promote the creation, growth and expansion of businesses in agri-technology, including the Agriculture, Agri-Food, Agri-Life Sciences and Bio-Product Industries.